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- 📢 Gate Square TAG Posting Challenge: #MySuggestionsforGateSquare
Post & WIN 100 USDT in rewards!
Gate Square is constantly improving!
Do you have feature suggestions, feedback, or ideas for new functionalities? Share your experiences and insights, and help more people discover the charm of Gate Square!
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1️⃣ Follow Gate_Square
2️⃣ Open the Gate APP and tap “Square” at the bottom
3️⃣ Tap the Post button and publish your post with the hashtag #MySuggestionsforGateSquare
✍️ Post Examples
1️⃣ Which features do you use the most? What is your experience?
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If delivery is unavailable, the prize will be replaced - 🚀 #GateNewbieVillageEpisode6 ✖️ @discovery
💬 Your greatest enemy is your own emotions.
Share your trading journey | Discuss strategies | Grow with the Gate Family
⏰ Event Time: Nov 12 10:00 – Nov 19 16:00 UTC
How to Join:
1️⃣ Follow Gate_Square + @discovery
2️⃣ Post on Gate Square with the hashtag #GateNewbieVillageEpisode6
3️⃣ Share your trading experiences, insights, or growth stories
— The more genuine and insightful your post, the higher your chance to win!
🎁 Rewards
3 lucky participants → Gate X RedBull Cap + $20 Position Voucher
If delivery is unavailable, the prize will be replaced - 🚀 Gate Square “Gate Fun Token Challenge” is Live!
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📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
Hoskinson: Bringing Stablecoins to Cardano Is NOT My Job
Cardano founder Charles Hoskinson has responded to criticism about his reluctance to attract a top-tier stablecoin to the blockchain
Tempers have flared within the Cardano community after an unidentified whale lost more than $6 million while swapping ADA for the USDA stablecoin.
User Loses $6M Swapping ADA for USDA
As reported by The Crypto Basic, a wallet that had been dormant for five years suddenly became active and exchanged 14.4 million ADA for US Dollar Anzens (USDA), a Cardano-based stablecoin.
However, instead of receiving the expected $6.9 million worth of USDA, the trader ended up with just 847,696 USDA, resulting in a staggering loss of approximately $6.05 million. Multiple sources have attributed the incident to the user interacting with an illiquid liquidity pool and opting for a lesser-known stablecoin, which caused severe slippage during the swap.
Cardano Fan Calls Out Hoskinson
Notably, Cardano community members have expressed mixed reactions to the development. Some users blamed the trader for overlooking clear indicators that the swap would return far less value, while others directed their frustration at Hoskinson.